Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Idemitsu/ShowaShell Merger Delayed... Indefinitely.

Idemitsu - Company & Family Talking, But...

Idemitsu:  Family Signs Joint Control Doc, Opposes Merger

Idemitsu Family Strikes Down Showa-Shell Merger Deal?

Event-Driven

A veritable flurry of articles came out in the last few days. Starting perhaps with the <a href="http://mainichi.jp/articles/20160902/k00/00m/020/119000c" target="_blank">Mainichi</a> on Friday morning, and continuing through the <a href="http://www.sankei.com/economy/news/160903/ecn1609030021-n1.html" target="_blank">Sankei</a> Saturday, and <a href="http://asia.nikkei.com/Business/Companies/Idemitsu-Kosan-founder-s-son-locked-in-corporate-battle" target="_blank">Nikkei</a> Sunday morning, it is clear <a href="https://www.smartkarma.com/entities/109" target="_blank" data-smartkarma-citation="entities:109:1">Idemitsu Kosan Co Ltd (5019 JP)</a>  is angling at completing the purchase of a 33% stake of <a href="https://www.smartkarma.com/entities/108" target="_blank" data-smartkarma-citation="entities:108:1">Showa Shell Sekiyu Kk (5002 JP)</a> as early as this month. The sticking points to date have been multiple.<ol><li>
The JFTC has not ruled yet. But it has been considering them for months and as discussed in <a href="https://www.smartkarma.com/insights/japan-refiner-mergers-antitrust-approvals-grouped-together" target="_blank" data-smartkarma-citation="insights:5612">Japan Refiner</a>…</li></ol>

A veritable flurry of articles came out in the last few days. Starting perhaps with the Mainichi on Friday morning, and continuing through the Sankei Saturday, and Nikkei Sunday morning, it is clear Idemitsu Kosan Co Ltd (5019 JP)  is angling at completing the purchase of a 33% stake of Showa Shell Sekiyu Kk (5002 JP) as early as this month. The sticking points to date have been multiple.
The JFTC has not ruled yet. But it has been considering them for months and as discussed in Japan Refiner…

Idemitsu Kosan

Idemitsu - Push Is Coming to Shove